HC Deb 21 April 1970 vol 800 cc70-1W
Mr. Marks

asked the Chancellor of the Exchequer what will be the effect of the Budget proposals on the weekly income of a married man with two children earning £20 per week; and what is the effect of a cut of 1s. in the standard rate of tax.

Mr. Taverne:

His income tax will be reduced by about 3s. a week assuming the children are under 11. As regards the second part of the Question, if my hon. Friend is assuming a reduction of 1s. in the standard rate as an alternative to the Budget proposals the tax reduction would be about 5d. a week.